Art Galleries and Museums in Australia - Market Research Report

Art Galleries and Museums industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.6%

Despite a highly competitive environment, the Art Galleries and Museums industry has recorded slight revenue growth over the past five years. Art galleries and museums compete with other leisure, sporting and entertainment organisations for shares of consumer expenditure and government funding. As a result, industry operators have developed special exhibitions and interactive educational displays to attract new visitors and retain existing patrons. Art galleries and museums have continued to reposition themselves as social institutions, widening their appeal to new audiences and helping them secure government grants. Successful art gallery and museum operators have made use of existing and emerging digital media to offer online virtual museums. The...
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Art Galleries and Museums industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Operators in the Art Galleries and Museums industry are anticipated to continue competing for visitors and government expenditure over the next five years. Household discretionary incomes are forecast to increase over the period, encouraging greater household expenditure on recreation and culture. This trend will likely support growth in visitor numbers and boost revenue generated from admission fees over the next five years. Some mid-size players are projected to face growing uncertainty regarding recurrent Federal Government expenditure over the period. However, increased funding from state, territory and local governments is forecast to offset declines in federal funding over the next five years. Players are forecast to diversify their income stre...
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Art Galleries and Museums industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 1,547
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 8,880

Biggest companies in the Art Galleries and Museums industry

The companies holding the largest market share in the Art Galleries and Museums in Australia industry include National Gallery of Victoria, Museums Board of Victoria and Art Gallery of New South Wales.

  • pie_chart National Gallery of Victoria Market Share: x.x%
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  • pie_chart Museums Board of Victoria Market Share: x.x%
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  • pie_chart Art Gallery of New South Wales Market Share: x.x%
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What is Art Galleries and Museums industry?

Industry Definition

Participants in the industry lease vehicles to corporations, small businesses and government institutions. Fleet vehicle leasing companies also offer fleet management services and novated leases.

Industry Products and Services

  • Small and light cars
  • Medium and large cars
  • SUVs
  • Light commercial vehicles
  • Heavy commercial vehicles

Industry Activities

  • Leasing fleet vehicles
  • Providing fleet management services
  • Leasing vehicles under novated leases

Market research report - table of contents

Industry Definition

Industry operators run and manage art galleries and museums across Australia. The industry also includes businesses that operate historic houses. Firms mainly engage in preserving and exhibiting heritage objects and artefacts that have cultural, historical or aesthetic value.

Main Activities

  • Art gallery operations (except retail)
  • Art museum operations (except retail)
  • Historic house and heritage site operations
  • Historic railway operations
  • Maritime museum operations
  • Museum operations
  • Natural history and science centre operations
  • Social history museum operations
  • Transport museum operations
  • War memorial museum operations

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Government funding for heritage and arts is the primary source of industry revenue. An increase in grants from federal, state and territory, and local gov...
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Government funding for heritage and arts
Expenditure on recreation and culture
Real household discretionary income
Average weekly hours worked

Current Performance

A changing market
Generating funds
 Chart: Revenue Growth

Industry Outlook

Admissions
 Table: Art Galleries and Museums in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Art Galleries and Museums in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Education and Training in Australia
Consumers in Australia





Key Selling Industries

Professional, Scientific and Technical Services
Creative Arts in Australia





Products & Services

Operators in the Art Galleries and Museums industry generate most of their revenue government funding and private grants. Operators also derive own-source...
Fourth income quintile
Third income quintile
Second income quintile
Lowest income quintile


Demand Determinants

Attendance at an art gallery or museum is dependent on several factors, such as discretionary income, admission prices, time availability, travel costs, s...
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Major Markets

Fourth income quintile
Third income quintile
Second income quintile
Lowest income quintile



 Chart: Major Market Segmentation for the Art Galleries and Museums in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Art Galleries and Museums industry has low market share concentration, with the four largest operators expected to account for less than 25% of indust...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Art Galleries and Museums in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Art Galleries and Museums in Australia - Market Research Report Industry

Industry Globalization

The National Gallery of Victoria (NGV) was founded in 1861 and is the oldest public art gallery in Australia. The NGV also encompasses the Ian Potter Cent...
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National Gallery of Victoria

 Table: National Gallery of Victoria - financial performance

Museums Board of Victoria

 Table: Museums Board of Victoria - financial performance

Art Gallery of NSW

 Table: Art Gallery of NSW - financial performance

Capital Intensity

The Art Galleries and Museums industry is characterised by a moderate level of capital intensity. Industry operators require manual labour for a range of ...
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 Chart: Level of Capital Intensity for the Art Galleries and Museums in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Art Galleries and Museums in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

INTERACTIVE DISPLAYS

NICHE OPERATORS

SOCIAL HISTORY MUSEUM

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

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This report on Art Galleries and Museums in Australia:

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The Art Galleries and Museums in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
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